§ 67-8-421. [reserved.]
Failure or refusal to make any report or return provided for in this part and part 3 of this chapter is a Class C misdemeanor. The payment of any penalty imposed shall in no wise affect the liability for the tax, interest and any other penalties prescribed in this part. The making of a false […]
§ 67-8-423. Liability of Executors, Administrators and Trustees. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Executors, administrators and trustees shall be liable for all taxes payable on the estate, together with any interest or penalties provided in this part, until the same shall have been paid; provided, that in no case shall such executor, administrator or trustee be liable for a greater amount than was actually received by the executor, […]
§ 67-8-424. Insurance Companies — Notice of Death of Insured. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Every life insurance company or association doing business in this state shall, within ten (10) days after the approval of proof of death of a person insured under a policy or policies, in such companies or association, give notice in writing to the commissioner where the estate is being administered stating: The date and amount […]
§ 67-8-425. Applicability of Part to Decedents Who Die in 2016 or Later
This part does not apply in the case of any decedent who died in 2016 or in any subsequent year.
§ 67-8-419. Time for Payment — Installments — Extensions. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
The tax imposed by this part and part 3 of this chapter shall be due and payable nine (9) months after the death of the transferor, or at the expiration of the additional time granted by the commissioner pursuant to § 67-8-409, but such tax may be paid sooner, if assessment thereof has been completed, […]
§ 67-8-420. Receipts and Certificates of Payment. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon the payment of the whole tax imposed against an estate under this part and part 3 of this chapter, the commissioner shall issue receipt therefor in duplicate to the representative of the estate, one (1) copy of which shall be filed in the office of the clerk of the court in which such estate […]
§ 67-8-411. Appraisal of Estate by Commissioner. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon receipt of such return from the executor, administrator or trustee, the commissioner shall proceed to make an appraisal of the various items of the gross estate and to investigate deductions claimed by such representative of the estate. In making the appraisal, the commissioner shall direct the commissioner’s deputies, agents or assistants to investigate the […]
§ 67-8-412. Basis of Appraisal. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
All property, real and personal, shall be appraised at its full and true value at the date of the death of the decedent; provided, that stocks and bonds listed on recognized exchanges shall be appraised by ascertaining their quoted value on the date of death of the decedent or on the nearest business day of […]
§ 67-8-413. Nonresident’s Estate — Determination by Commissioner. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
In the absence of administration in this state upon the estate of a nonresident decedent, the commissioner may, at the request of any representative of such state, duly appointed and qualified in the state of decedent’s domicile, or at the request of any beneficiary of such estate, or at the request of a transferee or […]
§ 67-8-414. Liens. [Not Applicable to Decedents Who Die in 2016 or After, See § 67-8-425.]
Upon the issuance by the state of a receipt to an administrator or executor who has paid the tax imposed by parts 3-5 of this chapter, the administrator or executor shall be subrogated to any lien or right to proceed against any transferred property in the hands of a transferee, donee, or bona fide purchaser […]